Independent Director of Tronox Holdings Picks Up 11% More Stock
Even if it's not a huge purchase, we think it was good to see that Peter Johnston, the Independent Director of Tronox Holdings plc (NYSE:TROX) recently shelled out US$53k to buy stock, at US$2.63 per share. That purchase might not be huge but it did increase their holding by 11%.
Tronox Holdings Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the CEO & Director, John Romano, for US$670k worth of shares, at about US$6.59 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$2.62. So it may not shed much light on insider confidence at current levels.
All up, insiders sold more shares in Tronox Holdings than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Tronox Holdings
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Insider Ownership Of Tronox Holdings
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 2.1% of Tronox Holdings shares, worth about US$8.7m, according to our data. Whilst better than nothing, we're not overly impressed by these holdings.
So What Do The Tronox Holdings Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The transactions over the last year don't give us confidence, and nor does the fairly low insider ownership, but at least the recent buying is a positive. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 2 warning signs for Tronox Holdings you should know about.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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